Harris Company

Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range of 54,000 to 94,000 units is given below: Required: 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 84,000 units during the year at a selling price of $10.34 per unit. Prepare a contribution format income statement for the year. Required 1 Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) 54,000 Units Produced and Sold 74,000 Units Produced and Sold 94,000 Units Produced and Sold Total costs: $ $ $ Variable costs Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per unit 205,200 410,000 615,200 $ 0.00 $ 0 S 0.00 $ 0 0.00 Required 1 Required 2 Assume that the company produces and sells 84,000 units during the year at a selling price of $10.34 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement Required 2 >